Danaher Beats Analyst Estimates on EPS
Danaher (NYS: DHR) reported earnings on April 19. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 30 (Q1), Danaher met expectations on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, both revenue and GAAP earnings per share increased significantly.
Gross margin and operating margin contracted, while net margin increased.
Danaher reported revenue of $4.32 billion. The 15 analysts polled by S&P Capital IQ expected sales of $4.33 billion on the same basis. GAAP reported sales were 31% higher than the prior-year quarter's $3.29 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.73. The 19 earnings estimates compiled by S&P Capital IQ averaged $0.71 per share on the same basis. GAAP EPS of $0.86 for Q1 were 37% higher than the prior-year quarter's $0.63 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 51.8%, 130 basis points worse than the prior-year quarter. Operating margin was 16.7%, 60 basis points worse than the prior-year quarter. Net margin was 14.2%, 120 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $4.63 billion. On the bottom line, the average EPS estimate is $0.82.
Next year's average estimate for revenue is $18.57 billion. The average EPS estimate is $3.32.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 507 members rating the stock outperform and 24 members rating it underperform. Among 156 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 152 give Danaher a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Danaher is outperform, with an average price target of $58.95.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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